Last Updated: 19 Sep 2024
Executive Summary
Frontline Ltd. (FRO) is a shipping company engaged in transporting crude oil and petroleum products globally. The company has a strong financial position with a market capitalization of $5.17 billion, EBITDA of $936.57 million, and a trailing P/E ratio of 8.7. The stock has a dividend yield of 0.107% and a quarterly earnings growth rate of -0.184%. The analyst target price is $34.50, indicating a potential upside of 49%.
Company Overview
Frontline Ltd. is headquartered in Hamilton, Bermuda, and operates a fleet of tankers and shuttle tankers. The company has a long history in the shipping industry and has established relationships with major oil companies. Frontline Ltd. is focused on providing safe and reliable transportation services to its customers.
Fundamental Analysis
Frontline Ltd. has a strong financial position with a healthy balance sheet and strong cash flow. The company's revenue has grown by 0.084% over the past year, and its profit margin is 0.309%. The company's return on assets and return on equity are 0.0746% and 0.252%, respectively.
Technical Analysis
The stock price of Frontline Ltd. has been trading within a range of $23.14 and $27.90 over the past 52 weeks. The stock is currently trading above its 50-day and 200-day moving averages, indicating a bullish trend. The relative strength index (RSI) is at 55.45, indicating that the stock is not overbought or oversold.
Short Term Outlook
The technical analysis suggests that the stock price of Frontline Ltd. is likely to continue to trade within its current range in the short term. The stock is facing resistance at the $27.90 level, and support at the $23.14 level. A breakout above $27.90 could lead to a rally towards the analyst target price of $34.50.
Long Term Outlook
The long-term outlook for Frontline Ltd. is positive. The company is well-positioned to benefit from the growing demand for oil and gas transportation. The company's strong financial position and experienced management team should allow it to continue to grow and expand its operations.
Analyst Recommendations
The majority of analysts covering Frontline Ltd. have a buy or hold rating on the stock. The average analyst target price is $34.50, indicating a potential upside of 49%.
